Xero

JANUARY 30, 2024

Property investment accounting, or landlord accounting, manages your property portfolio assisting with tax compliance and return on investment. Know property investment accounting regulations and taxes To swim well, you need to know the strokes, and how to navigate the water.

XERO 238

XERO Accounting Accounting Bank Reconciliation 238

oAppsNet

APRIL 5, 2024

As we usher in the year 2024, the accounts payable (AP) landscape is undergoing rapid transformation driven by technological advancements, changing business dynamics, and evolving customer expectations. Electronic payments offer faster processing times, reduced processing costs, and enhanced security compared to paper-based methods.

Accounts Payable 52

Accounts Payable Accounts Payable AP Accounting 52

Accounting Tools

FEBRUARY 12, 2024

An asset is an expenditure that has utility through multiple future accounting periods. If it has no value, then it cannot be recorded in an organization’s accounting system. Examples of growth assets are: Equity securities Rental property Antiques Defensive assets generate income for the holder primarily from interest.

Deposits 75

Deposits Accounts Receivable Accounts Receivable Account Receivables 75

Accounting Tools

MAY 16, 2024

Related AccountingTools Courses Accountants' Guidebook GAAP Guidebook Related Article Troubled Debt Restructuring Accounting A restructuring is done for economic or legal reasons related to the debtor's financial difficulties.

Accounting 40

Accounting Accounting 40

Counto

MAY 2, 2024

In-Principle Approval (IPA): Successful applicants receive an IPA, which permits six months to relocate to Singapore and secure the pass issuance. Starting a Company in Singapore with the ONE Pass Interested in launching a business in Singapore and securing the ONE Pass? Secure the necessary capital and open a corporate bank account.

Tax 52

Tax Accounting Accounting 52

Counto

MAY 8, 2024

Financial/Accounting Consulting: Requires alignment with financial regulations. Business Structure and Licensing For most consulting types, no specific licence is needed other than registering your consulting company with the Accounting and Corporate Regulatory Authority (ACRA). Legal Consulting: Involves navigating legal frameworks.

Financial Accounting 52

Financial Accounting Tax Accounting Accounting 52

Invoicera

MAY 8, 2024

In this article, we’ll tackle how cloud-based invoicing is the solution and will discuss the numerous benefits these systems can offer your business. This can cause delays in payments (more on that later) or even accounts payables neglected. Worried About The Security Of The Client’s Sensitive Data? Let’s dive in.

Invoicing 52

Invoicing Billing Financial Reporting Financial Records 52

Accounting Tools

MAY 16, 2024

Thus, an entity may report a tax loss at the same time that it reports a profit on its financial statements under generally accepted accounting principles or international financial reporting standards. Related Articles Net Operating Loss Carryback and Carryforward Worthless Securities

Tax 40

Tax Financial Statements Financial Reporting Accounting 40

Accounting Tools

OCTOBER 26, 2023

Related Courses Human Resources Guidebook Optimal Accounting for Payroll Payroll Management What is Net Salary? Net salary is the amount of take-home pay remaining after all withholdings and payroll deductions have been removed from a person’s salary. The residual amount is then paid to the employee in cash.

Payroll 75

Payroll Tax Accounting Accounting 75

Accounting Tools

APRIL 9, 2024

Other assets is a grouping of accounts that is listed as a separate line item in the assets section of the balance sheet. Security deposits paid on leases may quite easily not be returned for an extended period of time, in which case they are classified as Other Assets. What are Other Assets? Deferred tax assets.

Deposits 75

Deposits Financial Statements Billing Tax 75

Future Firm

SEPTEMBER 6, 2023

Navigating the ever-evolving landscape of accounting requires efficient client management, and that’s where client portals come in. In this article, I present a curated list of the top 12 client portals available in the market today. Table of Contents What are Client Portals for Accountants?

Accounting 98

Accounting Accounting Collections Accounting Software 98

Counto

APRIL 23, 2024

It includes cash, marketable securities, and accounts receivable—assets that can be quickly converted into cash within 90 days. High Dependency on Receivables: If a significant portion of your assets is in accounts receivable, your liquidity is dependent on the timeliness of customer payments. in quick assets to cover them.

Accounts Receivable 52

Accounts Receivable Accounts Receivable Account Receivables Accruals 52

Outsourced Bookeeping

APRIL 4, 2024

We’ll explore five essential suggestions in this article, each specifically designed to meet the particular requirements of the sector. Businesses in the fast-paced construction industry may increase profitability, make the most use of their resources, and secure long-term success by putting these strategies into effect.

Bookkeeping 52

Bookkeeping Outsourced Bookkeeping Budgeting Data Entry 52

Accounting Tools

MARCH 29, 2024

The finance company will pay for more raw materials as they are needed, and is paid back directly from accounts receivable as soon as customer payments are received. If a strict inventory control system is in place, the finance company will also employ someone who records all additions to and withdrawals from the secured warehouse.

Corporate Finance 40

Corporate Finance Accounts Receivable Accounts Receivable Account Receivables 40

Future Firm

JULY 13, 2022

In today’s post, I’m going to show you the very best accounting security tips (23 of them to be precise!) to keep your accounting firm safe and secure. Importance of why you must have accounting security for the safety of your business. Why is Accounting Security Important?

Computation 98

Computation Accounting Accounting XERO 98

Accounting Tools

JANUARY 24, 2024

A deficiency letter is a document sent to a securities issuer by the Securities and Exchange Commission (SEC), detailing a problem with a registration statement or prospectus. When a deficiency letter is related to the issuance of securities , the securities cannot be sold until the indicated issues have been corrected.

Accounting 40

Accounting Accounting 40

Accounting Tools

FEBRUARY 3, 2024

Floatation cost is the expenditure incurred when issuing new securities. An issuer must subtract all floatation costs from the total issue price, resulting in a reduced amount of funding from any securities issuance. It is expressed as a percentage of the total issue price.

Corporate Finance 40

Corporate Finance Accounting Accounting 40

Accounting Tools

JANUARY 20, 2024

A detachable warrant is a derivative that is attached to a debt security , giving the owner the right to buy a certain number of shares of the issuer at a fixed exercise price. In fact, an investor could sell a detachable warrant separately on a secondary market, while retaining the debt security. What is a Detachable Warrant?

Corporate Finance 40

Corporate Finance Accounting Accounting 40

Counto

MARCH 5, 2024

Benefits for Workers With the retirement age increment, workers seeking extended employment will enjoy statutory protection until the age of 64, offering them more flexibility and security in their career transitions. Experience a smarter way to outsource your accounting with confidence.

Budgeting 98

Budgeting Tax Accounting Accounting 98

Accounting Tools

SEPTEMBER 23, 2023

Related Courses Human Resources Guidebook Optimal Accounting for Payroll Payroll Management What is a Payroll Deduction? For many payroll deductions, the employer records the amount in a liability account , where it stays until the employer forwards the funds to a third party.

Payroll 75

Payroll Tax Accounting Accounting 75

Accounting Tools

JANUARY 24, 2024

What is the Deposits Account? Deposits is a current liability account in the general ledger , in which is stored the amount of funds paid by customers in advance of a product or service delivery. Related AccountingTools Course The Balance Sheet Related Article Customer Deposit These funds are essentially down payments.

Deposits 40

Deposits General Ledger Accounting Accounting 40

Accounting Tools

OCTOBER 25, 2023

Related Courses Accounting for Hedge Funds Corporate Cash Management Treasurer's Guidebook A hedge fund pools the money of contributing investors and tries to achieve above-market returns through a wide variety of investment strategies. The requirement also allows a hedge fund manager to employ longer-term investment strategies.

Accounting 75

Accounting Accounting 75

Accounting Tools

MAY 10, 2024

In essence, the book value at which the bonds were recorded on the books of the issuer is shifted to the applicable equity account. Related Articles Accounting for Convertible Securities Detachable Warrant Accounting This shift moves the bond liability into the equity part of the balance sheet.

Accounting 40

Accounting Accounting 40

Accounting Tools

APRIL 29, 2024

Missing security features. A business might not have basic system security features installed, such as firewalls and anti-virus software. Related AccountingTools Course Accounting Controls Guidebook Related Articles Control Environment Control Risk Material Weakness Open access.

Computation 40

Computation Financial Statements Auditing Accounting 40

Accounting Tools

MARCH 5, 2024

In the retail industry, the amount of inventory shrinkage represents a major reduction in profitability , so a number of methods are used to combat it, including security cameras, merchandise tagging, and security guards. Thus, no shrinkage losses can be carried forward for recognition in a future period.

Cost Accounting 40

Cost Accounting Accounting Accounting 40

Accounting Tools

MARCH 22, 2024

Cash collateral is cash , negotiable instruments, documents of title, securities , deposit accounts, and other cash equivalents in which a bankrupt estate and its creditors have an interest. Example of Cash Collateral A creditor of Failed Corporation has a security interest in the firm’s finished goods. What is Cash Collateral?

Deposits 40

Deposits Tax Accounting Accounting 40

Cloud Accounting Podcast

SEPTEMBER 25, 2023

Accounting has long been viewed as a stable career, but in recent years, droves of accountants have been leaving the profession. Blake Oliver dives into a recent Wall Street Journal article highlighting the factors driving experienced accountants away, from burnout and boredom to the threat of automation.

Accounting 60

Accounting Accounting 60

oAppsNet

MAY 7, 2024

Among the various aspects of financial management, accounts receivable collections stand out for their direct impact on a company’s liquidity and cash flow. What Are Accounts Receivable Collections? In any business, managing finances effectively is pivotal to sustaining and growing operations.

Accounts Receivable 40

Accounts Receivable Accounts Receivable Account Receivables Collections 40

Accounting Tools

APRIL 24, 2024

It is calculated as follows: (Cash + Cash equivalents) ÷ Current liabilities = Cash ratio Quick Ratio The quick ratio is the same as the cash ratio, but includes accounts receivable as an asset. Related Articles Cost Benefit Analysis Financial Ratio Analysis Incremental Analysis Quantitative Analysis Sales Trend Analysis

Financial Analysis 75

Financial Analysis Accounts Receivable Accounts Receivable Account Receivables 75

Counto

JANUARY 27, 2024

Explore these avenues to secure the necessary capital: Business Loans: Consider traditional business loans, but be aware of the associated risks and costs. Website Hosting: Select a reliable hosting provider with good security and support. Payment Gateways: Set up secure payment processing options.

Bookkeeping 52

Bookkeeping Tax Financial Reporting Accounting 52

Accounting Tools

SEPTEMBER 18, 2023

If the owner is a business, these assets are usually recorded in the accounting records and appear in the balance sheet of the business. Depending on the applicable accounting standards , the assets that comprise the total assets category may or may not be recorded at their current market values.

Accounts Receivable 75

Accounts Receivable Accounts Receivable Account Receivables Bookkeeping 75

Outsourced Bookeeping

FEBRUARY 11, 2024

The financial industry is undergoing a seismic shift, and at the forefront of this transformation are Certified Public Accountants (CPAs) and accountants. Cloud platforms such as QuickBooks and Xero play a pivotal role by automating various tasks related to bookkeeping for CPAs , ensuring secure and adaptable access to financial data.

Outsourced Bookkeeping 59

Outsourced Bookkeeping Bookkeeping Accounting Accounting 59

Accounting Tools

JUNE 21, 2023

Related Courses Accounting for Investments GAAP Guidebook What are Available for Sale Securities? An available for sale security is a debt or equity instrument that is not classified as one of the following: Trading securities. Held-to-maturity securities. Held-to-maturity securities.

Accounting 45

Accounting Accounting 45

Accounting Tools

JULY 13, 2023

Related Courses Human Resources Guidebook Optimal Accounting for Payroll Payroll Management Understanding the Common Paymaster Concept When a parent company owns a number of subsidiaries , the company as a whole may pay more payroll taxes than is strictly necessary. The same problem also arises for federal unemployment (FUTA) taxes.

Payroll 75

Payroll Accruals Tax Accounting 75

Accounting Tools

JANUARY 20, 2024

What are Dilutive Securities? Dilutive securities are any financial instruments that can potentially increase the number of shares outstanding. The concept is of importance when calculating fully diluted earnings per share, where the effect of these securities can reduce earnings per share. They are as follows: Options.

Accounting 40

Accounting Accounting 40

Accounting Tools

OCTOBER 13, 2023

Senior debt is a security that has a high priority for repayment in the event of the liquidation of the issuer. This type of debt is considerably more secure for investors than junior debt , since the remaining funds of the business must be applied to repayment of the senior debt before other obligations of the issuer are dealt with.

Corporate Finance 40

Corporate Finance Accounts Receivable Accounts Receivable Account Receivables 40

Accounting Tools

MARCH 28, 2024

What is Liquidation in Accounting? If so, the secured creditors are paid first, and a reduced payout plan is used to pay any remaining funds to the unsecured creditors. Related Articles Foreclosure Reorganization Workout Arrangement This may also mean that there is not enough cash left to even pay creditors.

Collections 40

Collections Tax Accounting Accounting 40